Historic Live-Work
505 Wildwood Avenue Jackson, MI 49201
505 Wildwood Avenue, Jackson, MI, 49201
$550,000
For Sale
$550,000
COMMERCIAL - Jackson, MI
Property Size6,357 SF
Lot Size0.30 Acres
Price / SF$86.52
Days on Market48
Property Features for 505 Wildwood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bathroom 2, Bathroom 4, Basement, Bathroom 3, Bathroom 1
- Parking
- 19
- Interior features
- Broadband
- Standard status
- Active
- APN
- 2-005700000
- Size
- 6,357 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BEG AT NW COR OF LOT 6 TH SE ALG S LN OF WILDWOOD AVE 92.94 FT TH S20(DEGREES)30' E 74.26 FT TH S69(DEGREES)05'E 20.65 F
- Tax Annual Amount
- 13875
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 4
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Slate
Listing agency
Sproat Realty Professionals-J
(517) 589-9677
Listed by
SUSAN M MOHLMAN · License #6502111869
(517) 206-3332
Added: Jun 5 Updated: Jul 9 at 3:29AM Checked: Jul 22 at 7:06PM
MLS# 26027481
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This architecturally unique historic building offers four levels of usable space with original historic details preserved throughout. Interior layout includes 8 bedrooms, 2 full baths, and 3 half baths, with the bedroom and bath count noted for the two upper floors. Documented improvements include substantial plumbing and electrical system updates in 2019, mini-split heating and cooling installed on the upper levels, and renovated or newly added bathrooms. Additional work includes a concrete patio (2020), wrought iron fencing, a pergola, and a rear deck designed for accessibility, along with asbestos removal and added ceiling insulation. A new HVAC system for the main level was installed in 2021, and the basement walls were cleaned, sandblasted, and sealed in 2022. The parking lot asphalt was resurfaced and repaired in 2023, and a third-floor laundry area and ceiling fans were added on the third floor.
Located at 505 Wildwood Avenue in Downtown Jackson’s Historic District, the property is described as surrounded by restaurants, entertainment, businesses, and ongoing redevelopment.
Seller will remove all wall decor before possession unless specifically requested in writing, and the seller will consider selling most interior furnishings and contents separately from the real estate (piano excluded from any sale of contents).
Located at 505 Wildwood Avenue in Downtown Jackson’s Historic District, the property is described as surrounded by restaurants, entertainment, businesses, and ongoing redevelopment.
Seller will remove all wall decor before possession unless specifically requested in writing, and the seller will consider selling most interior furnishings and contents separately from the real estate (piano excluded from any sale of contents).
Key Highlights
- Historic downtown Jackson property built in 1900 with brick construction and a slate roof
- 8 bedrooms with 2 full baths and 3 half baths across four levels of usable space
- Described as having flexible zoning for a range of uses, including retail, professional offices, mixed‑use, event space, B&B/Airbnb, room rentals, live/work, and multifamily conversion
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.4k | $18.00 |
| − Vacancy | −$51.5k | −$8.10 |
| EGI | $62.9k | $9.90 |
| − OpEx | −$33.0k | −$5.20 |
| NOI | $29.9k | $4.70 |
6,357 SF · lease $18.00/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Office B
$761.1K
$666.0K – $888.0K
NOI $53,277 @ 7.0% cap · market cap 9.69%
Second Best
Mixed Use
$752.6K
$658.6K – $878.1K
NOI $52,684 @ 7.0% cap · market cap 9.58%
Theoretical Best
Office A
$1.01M
$888.0K – $1.18M
NOI $71,036 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Baughey-Dybata Peggy
Counselor
Martha Kelley
Foster Care Service
Fossores Chapter House
Training Center
Ms. Catherine Baughey
Counselor
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FAQs
What type of property is this?
Live-work space - Four usable levels with preserved historic details, updated systems, and 8 bedrooms across 2 full and 3 half baths.
Where is this live-work space located?
The property is located at 505 Wildwood Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Historic downtown Jackson property built in 1900 with brick construction and a slate roof; 8 bedrooms with 2 full baths and 3 half baths across four levels of usable space; Described as having flexible zoning for a range of uses, including retail, professional offices, mixed‑use, event space, B&B/Airbnb, room rentals, live/work, and multifamily conversion
